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Hedera’s native token, HBAR, has been trying to regain lost momentum after weeks of limited trading. The price recently approached the limit of $0.10, but failed to make a decisive breakthrough. Since the beginning of the month, resistance near this level has limited the upward advance.
HBAR briefly recovered the $0.10 level, but momentum settled just below a major technical barrier. Traders adjusted their positions, but not decisively in favor of the continuation of the uptrend.
HBAR holders buy
The Money Flow Index (MFI) showed that buying pressure is gradually building on HBAR. This volume-weighted indicator measures the movement of liquidity in and out based on price and trading volume. Currently, the IMF is above the neutral 50 mark, which indicates that buyers are taking back control.
An MFI recording in positive territory indicates that accumulation processes have begun. Increases in cash flows often precede increases in prices, especially when supported by increased trading activity. If this trend continues, HBAR may benefit from continued accumulation, strengthening the chance of trying to recover above immediate resistance levels.
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Hedera traders remain skeptical
A review of the broader derivatives data gives a mixed but slightly optimistic outlook. HBAR’s funding ratio is currently tilted in favor of long positions, indicating that traders are willing to pay a premium to hold long contracts. Positive funding rates often reflect bullish expectations in price action.
However, fluctuations in the financing rate in the last two weeks have highlighted the persistence of uncertainty. Between February 6 and February 11, short contracts dominated open interest, putting downward pressure on HBAR. The dominance of these contracts was quickly recorded, then reversed in favor of a positive trend, and then returned and declined again.
These fluctuations reveal hesitation among leveraged traders. Although the dominance of short positions has decreased recently, the conviction remains fragile. Reinforcing the bullish signal requires funding to be positive and stable, but current data suggests that public mood is still reacting to short-term price fluctuations rather than building solid long-term confidence.
The price of HBAR aims higher
HBAR is commercial At $0.0992 at the time of writing. The symbol remains above the $0.0961 support level, which corresponds to the 38.2% Fibonacci retracement. Holding above this level is considered important from a technical point of view, as it represents a major turning point for the trend to continue.
However, the resistance level at $0.1035, at the 50% Fibonacci retracement, forms a barrier to the upside and limits breakout attempts.
A decisive move above $0.1035 indicates a short-term structural change. The conversion of this level from resistance to support would attract new demand, especially if the buying pressure continues to increase.
The next target will be at $0.1109, which corresponds to the 61.8% Fibonacci retracement. This level is widely watched by traders and often acts as a strong support zone if it recovers.
If the bullish indicators do not strengthen, the consolidation may continue near the current levels. Continued outflows will weaken breakout attempts and strengthen resistance at $0.1035.
A break of the support at $0.0961 indicates that the short-term structure is turning bearish. In this case, HBAR can decrease Towards $0.0870, which eliminates the possibility of an immediate recovery and gives the bears stronger control.
